New tracking tools to reduce risk of loss from car theft for
insurer's personal lines customers
LONDON, July 27, 2023 /PRNewswire/ -- Chubb has launched
a vehicle tracking system in the UK that will help protect the
insurer's customers from car theft.
With criminals now often targeting high-value vehicles –
particularly "keyless" models – Chubb S5 Vehicle Tracker and Chubb
S5 Vehicle Tracker Plus are suitable for any vehicle make or
model and come with a range of features. The trackers, introduced
in partnership with Global Telemetrics, a stolen vehicle recovery
and billing platform, are available to customers of Chubb's
UK Personal Risk Services (PRS).
Stephen Vaughan, Head of Personal
Risk Services Europe, Chubb said: "The number of luxury vehicles
stolen has increased significantly in recent years as car thieves
deploy ever-more sophisticated technology. Chubb's vehicle trackers
have been developed to provide the highest available level of
security for our customers to help protect their vehicles and
provide them with peace of mind."
Features include driver recognition, remote deactivation and a
phone app that provides live location details, journey history and
geofence creation, which means the tracker sends an alert when the
vehicle goes outside a defined area. Chubb S5 Vehicle Tracker Plus
also offers enhanced security against keyless theft with its "No
Tag, No Start" feature that immobilises a vehicle when the driver
detection card is not in range or switched off.
For car owners with multiple vehicles, individual trackers can
be installed and linked to one driver detection card, designed to
fit securely within a purse or wallet.
Both Chubb vehicle trackers come with the highest Thatcham
Security certification and are supported by stolen vehicle recovery
specialist Global Telemetrics which has recovered cars worth more
than £127million in the last four years*.
Chubb S5 Vehicle Tracker Plus costs £804, including installation
and a one-year subscription. For subscriptions year two and onwards
the fee is £199 per year. Chubb S5 Vehicle Tracker costs £564,
including installation and a one-year subscription. For
subscriptions year two and onwards the fee is £159 per year. Car
owners will also receive tracker subscription renewal reminders
from Chubb to ensure they maintain continuous coverage**.
*Global Telemetrics recovery data January
2019- December 2022
**Chubb does not have access to tracker data other than
subscription renewal dates.
About Chubb
Chubb is the world's largest publicly
traded property and casualty insurance company. With operations in
54 countries and territories, Chubb provides commercial and
personal property and casualty insurance, personal accident and
supplemental health insurance, reinsurance and life insurance to a
diverse group of clients. As an underwriting company, we assess,
assume and manage risk with insight and discipline. We service and
pay our claims fairly and promptly. The company is also defined by
its extensive product and service offerings, broad distribution
capabilities, exceptional financial strength and local operations
globally. Parent company Chubb Limited is listed on the New York
Stock Exchange (NYSE: CB) and is a component of the S&P 500
index. Chubb maintains executive offices in Zurich, New
York, London, Paris and other locations, and employs
approximately 40,000 people worldwide. Additional information can
be found at: www.chubb.com
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